<SEC-DOCUMENT>0001437749-22-008971.txt : 20220414
<SEC-HEADER>0001437749-22-008971.hdr.sgml : 20220414
<ACCEPTANCE-DATETIME>20220414145950
ACCESSION NUMBER:		0001437749-22-008971
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20220414
DATE AS OF CHANGE:		20220414

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BEL FUSE INC /NJ
		CENTRAL INDEX KEY:			0000729580
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRONIC COILS, TRANSFORMERS & OTHER INDUCTORS [3677]
		IRS NUMBER:				221463699
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-11676
		FILM NUMBER:		22826945

	BUSINESS ADDRESS:	
		STREET 1:		206 VAN VORST ST.
		CITY:			JERSEY CITY
		STATE:			NJ
		ZIP:			07302
		BUSINESS PHONE:		2014320463

	MAIL ADDRESS:	
		STREET 1:		206 VAN VORST ST.
		CITY:			JERSEY CITY
		STATE:			NJ
		ZIP:			07302
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>belfb20220413_defa14a.htm
<DESCRIPTION>FORM DEFA14A
<TEXT>
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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 7.2pt; text-align: center;"><b>SCHEDULE 14A INFORMATION</b></p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 7.2pt; text-align: center;"><br>
<b>Proxy Statement Pursuant to Section 14(a)<br>
of the Securities Exchange Act of 1934<br>
(Amendment No. )</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;"><br>
Filed by the Registrant &#9746;<br>
Filed by a Party other than the Registrant &#9744;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">Check the appropriate box:<br>
&#9744; Preliminary Proxy Statement<br>
&#9744; Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))<br>
&#9744;&nbsp;Definitive Proxy Statement<br>
&#9746;&nbsp;Definitive Additional Materials<br>
&#9744; Soliciting Material under Rule 14a-12</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 7.2pt; text-align: center;"><b>BEL FUSE INC.</b><br>
(Name of Registrant as Specified in Its Charter)</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 7.2pt; text-align: center;"><br>
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">Payment of Filing Fee (Check all boxes that apply):</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;"><br>
&#9746; No fee required.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&#9744; Fee paid previously with preliminary materials.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;"><br>
&#9744; Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;</p>

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<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</p>

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<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0">&nbsp;</p>

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			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 14pt;"><b>BEL FUSE INC.</b></p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 14pt;"><b>c/o Continental Proxy Services</b></p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 14pt;">1 State Street, New York NY&nbsp; 10004</p>
			</td>
			<td style="width: 288px; font-family: &quot;Times New Roman&quot;; font-size: 14pt;">&nbsp;</td>
			<td style="width: 417px; font-family: &quot;Times New Roman&quot;; font-size: 14pt;">
			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 14pt; text-align: center;"><b>BEL FUSE INC.</b></p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 14pt; text-align: center;"><b>206 Van Vorst Street</b></p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 14pt; text-align: center;"><b>Jersey City, NJ&nbsp; 07302</b></p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 14pt;">&nbsp;</p>
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			<td style="width: 684px; font-family: &quot;Times New Roman&quot;; font-size: 14pt;">&nbsp;</td>
			<td style="width: 288px; font-family: &quot;Times New Roman&quot;; font-size: 14pt;">&nbsp;</td>
			<td style="width: 417px; font-family: &quot;Times New Roman&quot;; font-size: 14pt;">
			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 14pt; text-align: center;"><b>NOTICE OF ANNUAL MEETING</b></p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 14pt; text-align: center;"><b>OF SHAREHOLDERS</b></p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 14pt; text-align: center;">&nbsp;</p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 14pt; text-align: center;"><b>to be held on</b></p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 14pt; text-align: center;"><b>Tuesday, May 24, 2022</b></p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 14pt; text-align: center;"><b>at 11:00 am ET</b></p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 14pt;">&nbsp;</p>
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			<td style="width: 684px; font-family: &quot;Times New Roman&quot;; font-size: 14pt;">&nbsp;</td>
			<td style="width: 288px; font-family: &quot;Times New Roman&quot;; font-size: 14pt;">&nbsp;</td>
			<td style="width: 417px; font-family: &quot;Times New Roman&quot;; font-size: 14pt;">
			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 14pt;">&nbsp;</p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 14pt;">&nbsp;</p>
			</td>
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			<td style="width: 684px; font-family: &quot;Times New Roman&quot;; font-size: 14pt;">&nbsp;</td>
			<td style="width: 288px; font-family: &quot;Times New Roman&quot;; font-size: 14pt;">&nbsp;</td>
			<td style="width: 417px; font-family: &quot;Times New Roman&quot;; font-size: 14pt;">
			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 14pt;">&nbsp;</p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 14pt;">&nbsp;</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;; font-size: 14pt;">
			<td colspan="3" style="width: 684px; text-align: center; border: 1px solid rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;; font-size: 14pt;">
			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 14pt;"><b>*Shareholders are cordially invited to attend the Virtual Annual Meeting and to vote online</b></p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 14pt;"><b>during the Virtual Annual Meeting, on the Internet or any Mobile device.</b></p>
			</td>
		</tr>

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<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 12pt; margin: 0px;">Dear Shareholder,</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 12pt; margin: 0px;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 12pt; margin: 0px;">The 2022 Annual Meeting of Shareholders of Bel Fuse Inc. will be held virtually over the internet on Tuesday, May 24, 2022 at 11:00 am Eastern Time at <b>https://www.cstproxy.com/belfuse/2022</b>.&nbsp; Directions to access the Bel Fuse virtual Annual Meeting are available in the proxy statement which can be viewed at <b>https://www.cstproxy.com/belfuse/2022</b>.</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 12pt; margin: 0px;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%;">

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			<td colspan="3" style="width: 73px; font-size: 12pt;">Proposals to be considered at the Annual Meeting:</td>
		</tr>
		<tr style="font-size: 12pt;">
			<td style="width: 40px; font-size: 12pt;">&nbsp;</td>
			<td style="width: 29px; font-size: 12pt; vertical-align: top;">(1)</td>
			<td style="width: 1294px; font-size: 12pt;">To elect three directors for three-year terms (Daniel Bernstein, Peter Gilbert and Vincent Vellucci) and one director for a one-year term (Jacqueline Brito) as described in the proxy statement;</td>
		</tr>
		<tr style="font-size: 12pt;">
			<td style="width: 40px; font-size: 12pt;">&nbsp;</td>
			<td style="width: 29px; font-size: 12pt; vertical-align: top;">(2)</td>
			<td style="width: 1294px; font-size: 12pt;">To ratify the designation of Grant Thornton LLP to audit Bel's books and accounts for 2022;</td>
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			<td style="width: 40px; font-size: 12pt;">&nbsp;</td>
			<td style="width: 29px; font-size: 12pt; vertical-align: top;">(3)</td>
			<td style="width: 1294px; font-size: 12pt;">To approve, on an advisory basis, the executive compensation of the Company's named executive officers as described in the proxy statement; and</td>
		</tr>
		<tr style="font-size: 12pt;">
			<td style="width: 40px; font-size: 12pt;">&nbsp;</td>
			<td style="width: 29px; font-size: 12pt; vertical-align: top;">(4)</td>
			<td style="width: 1294px; font-size: 12pt;">To address such other matters as may properly come before the 2022 annual meeting or any adjounment or postponement thereof.</td>
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		<tr style="font-size: 12pt;">
			<td style="width: 40px; font-size: 12pt;">&nbsp;</td>
			<td style="width: 29px; font-size: 12pt;">&nbsp;</td>
			<td style="width: 1294px; font-size: 12pt;">&nbsp;</td>
		</tr>
		<tr style="font-size: 12pt;">
			<td colspan="3" style="width: 40px; font-size: 12pt;">The Board of Directors recommends a vote "FOR" all nominees under Proposal 1, and "FOR" Proposals 2 and 3.</td>
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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;</p>

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			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; text-align: center;">Your electronic vote authorizes the named proxies to vote your shares in the same</p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; text-align: center;">manner as if you marked, signed, dated, and returned the proxy card.</p>
			</td>
			<td style="width: 108px;">&nbsp;</td>
			<td style="width: 565px;">&nbsp;</td>
		</tr>
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			<td style="width: 52px;">&nbsp;</td>
			<td style="width: 635px;">&nbsp;</td>
			<td style="width: 108px;">&nbsp;</td>
			<td style="width: 565px;">&nbsp;</td>
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			<td style="width: 52px;">&nbsp;</td>
			<td style="width: 635px; border: 1px solid rgb(0, 0, 0);">
			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><b>Vote During the Meeting -</b></p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">If you plan to attend the virtual online annual meeting, you will need your 12 digit control number to vote electronically during the annual meeting.&nbsp; To attend the annual meeting, visit:</p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><b>https://www.cstproxy.com/belfuse/2022</b></p>
			</td>
			<td style="width: 108px;">&nbsp;</td>
			<td style="width: 565px; border: 1px solid rgb(0, 0, 0);">
			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><u><b><i>Vote Your Proxy on the Internet:</i></b></u></p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 12pt;"><b>Go to http://www.cstproxyvote.com</b></p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">Have your notice available when you access the above website.&nbsp; Follow the prompts to vote your shares.</p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</p>
			</td>
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			<td style="width: 52px;">&nbsp;</td>
			<td style="width: 635px;">
			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><b>MOBILE VOTING</b></p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">On your Smartphone/Tablet, open the QR Reader and scan the below image.&nbsp; Once the voting site is displayed, enter your Control Number from the proxy card and vote your shares.</p>
			</td>
			<td style="width: 108px;">&nbsp;</td>
			<td style="width: 565px;">
			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 14pt; text-align: center;">CONTROL NUMBER</p>
			</td>
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			<td style="width: 52px;">&nbsp;</td>
			<td style="width: 635px;">&nbsp;</td>
			<td style="width: 108px;">&nbsp;</td>
			<td style="width: 565px; border: 1px solid rgb(0, 0, 0);">&nbsp;</td>
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			<td style="width: 52px;">&nbsp;</td>
			<td style="width: 635px;">
			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; text-align: center;"><b><font style="font-family:Times New Roman;font-size:14pt;">To view the Proxy Materials and attend the</font><br>
			<font style="font-family:Times New Roman;font-size:14pt;">Annual Meeting, please go to:</font></b></p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 14pt; text-align: center;"><b>https://www.cstproxy.com/belfuse/2022</b></p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</p>
			</td>
			<td style="width: 108px;">&nbsp;</td>
			<td style="width: 565px;">&nbsp;</td>
		</tr>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;</p>

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<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 14pt; margin: 0pt 7.2pt; text-align: center;"><b>BEL FUSE INC.</b></p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 14pt; margin: 0pt 7.2pt; text-align: center;">206 Van Vorst Street</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 14pt; margin: 0pt 7.2pt; text-align: center;">Jersey City, NJ&nbsp; 07302</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 14pt; margin: 0pt 7.2pt; text-align: left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 14pt; margin: 0pt 7.2pt; text-align: left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 14pt; margin: 0pt 7.2pt; text-align: left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 14pt; margin: 0pt 7.2pt; text-align: center;"><b>Important Notice Regarding the Availability of Proxy Materials<br>
For the Shareholder Meeting to be Held On Tuesday, May 24, 2022</b></p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 12pt; margin: 0pt 7.2pt; text-align: left;">The following Proxy Materials are available to you to review at:&nbsp; <b>https://www.cstproxy.com/belfuse/2022</b></p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 12pt; margin: 0pt 7.2pt; text-align: left;">&nbsp;</p>

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			<td style="width: 35px; font-size: 12pt;">&nbsp;</td>
			<td style="width: 42px; font-size: 12pt;">-</td>
			<td style="width: 1284px; font-size: 12pt;">the Company's Annual Report for the year ended December 31, 2021</td>
		</tr>
		<tr style="font-size: 12pt;">
			<td style="width: 35px; font-size: 12pt;">&nbsp;</td>
			<td style="width: 42px; font-size: 12pt;">-</td>
			<td style="width: 1284px; font-size: 12pt;">the Company's 2022 Proxy Statement</td>
		</tr>
		<tr style="font-size: 12pt;">
			<td style="width: 35px; font-size: 12pt;">&nbsp;</td>
			<td style="width: 42px; font-size: 12pt;">-</td>
			<td style="width: 1284px; font-size: 12pt;">the Proxy Card</td>
		</tr>
		<tr style="font-size: 12pt;">
			<td style="width: 35px; font-size: 12pt;">&nbsp;</td>
			<td style="width: 42px; font-size: 12pt;">-</td>
			<td style="width: 1284px; font-size: 12pt;">any amendments to the foregoing materials that are required to be furnished to shareholders</td>
		</tr>

</table>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 12pt; margin: 0pt 7.2pt; text-align: left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 12pt; margin: 0pt 7.2pt; text-align: left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 12pt; margin: 0pt 7.2pt; text-align: left;"><u><b>Get Informed Before You Vote</b></u></p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 12pt; margin: 0pt 7.2pt; text-align: left;">This is not a ballot.&nbsp; You cannot use this notice to vote your shares.&nbsp; This communication presents only an overview of the more complete proxy materials that are available to you on the Internet.&nbsp; We encourage you to access and review all of the important information contained in the proxy materials before voting.</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 12pt; margin: 0pt 7.2pt; text-align: left;">&nbsp;</p>

<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 12pt; margin: 0pt 7.2pt; text-align: left;">If you would like to receive a paper or e-mail copy of these documents, you must request one.&nbsp; There is no charge for such documents to be mailed to you.&nbsp; Please make your request for a copy as instructed below on or before May 13, 2022 to facilitate a timely delivery.&nbsp; You may also request that you receive paper copies of all future proxy materials from the Company.</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt; font-family: &quot;Times New Roman&quot;; width: 100%;">

		<tr style="font-family: &quot;Times New Roman&quot;; font-size: 12pt;">
			<td style="width: 127px; font-family: &quot;Times New Roman&quot;; font-size: 12pt;">&nbsp;</td>
			<td style="width: 1121px; border: 1px solid rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;; font-size: 12pt;">
			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 12pt;">&nbsp;</p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 12pt; text-align: center;"><u><b>ACCESSING YOUR PROXY MATERIALS ONLINE</b></u></p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 12pt; text-align: center;"><b>Go to https://www.cstproxy.com/belfuse/2022 to view these materials online.&nbsp; Have this notice available when you access the proxy materials or to vote your proxy electronically.&nbsp; You must reference your Control number.</b></p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 12pt; text-align: center;">&nbsp;</p>
			</td>
			<td style="width: 114px; font-family: &quot;Times New Roman&quot;; font-size: 12pt;">&nbsp;</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;; font-size: 12pt;">
			<td style="width: 127px; font-family: &quot;Times New Roman&quot;; font-size: 12pt;">&nbsp;</td>
			<td style="width: 1121px; font-family: &quot;Times New Roman&quot;; font-size: 12pt;">&nbsp;</td>
			<td style="width: 114px; font-family: &quot;Times New Roman&quot;; font-size: 12pt;">&nbsp;</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;; font-size: 12pt;">
			<td style="width: 127px; font-family: &quot;Times New Roman&quot;; font-size: 12pt;">&nbsp;</td>
			<td style="width: 1121px; border: 1px solid rgb(0, 0, 0); text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 12pt;">
			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 12pt;">&nbsp;</p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 12pt;"><u><b>REQUESTING A PAPER COPY OF THE PROXY MATERIALS</b></u></p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 12pt;">&nbsp;</p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 12pt;"><b>By telephone please call 1-888-266-6791, or</b></p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 12pt;">&nbsp;</p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 12pt;"><b>By logging on to https://www.cstproxy.com/belfuse/2022 or</b></p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 12pt;">&nbsp;</p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 12pt;"><b>By email at:&nbsp; proxy@continentalstock.com</b></p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 12pt;">&nbsp;</p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;; font-size: 12pt;"><i>Please include the company name and your control number in the subject line.</i></p>
			</td>
			<td style="width: 114px; font-family: &quot;Times New Roman&quot;; font-size: 12pt;">&nbsp;</td>
		</tr>

</table>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;</p>

<div class="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div class="PGFTR" style="text-align: center; width: 100%">
<div class="hf-row">
<div class="hf-cell PGNUM">&nbsp;</div>
</div>
</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div class="PGHDR" style="text-align: left; width: 100%">
<div class="hf-row">
<div class="hf-cell TOCLink">&nbsp;</div>
</div>
</div>
</div>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</p>

<table style="font-size:19px; font-family:&quot;Times New Roman&quot;; width:100%">

		<tr>
			<td style="width:684px">
			<p>&nbsp;</p>

			<div style="font-size:19px">
			<div style="font-family:&quot;Times New Roman&quot;">
			<div style="font-size:14pt">
			<div style="font-family:&quot;Times New Roman&quot;, Times, serif"><b>BEL FUSE INC.</b></div>
			</div>
			</div>
			</div>

			<div style="font-size:19px">
			<div style="font-family:&quot;Times New Roman&quot;">
			<div style="font-size:14pt">
			<div style="font-family:&quot;Times New Roman&quot;, Times, serif"><b>c/o Continental Proxy Services</b></div>
			</div>
			</div>
			</div>

			<div style="font-size:19px">
			<div style="font-family:&quot;Times New Roman&quot;">
			<div style="font-size:14pt">
			<div style="font-family:&quot;Times New Roman&quot;, Times, serif">1 State Street, New York NY&nbsp; 10004</div>
			</div>
			</div>
			</div>

			<p>&nbsp;</p>
			</td>
			<td style="width:288px">&nbsp;</td>
			<td style="width:417px">
			<p style="text-align: center; line-height: 1;">&nbsp;</p>

			<div style="font-size:19px">
			<div style="font-family:&quot;Times New Roman&quot;">
			<div style="font-size:14pt">
			<div style="font-family: &quot;Times New Roman&quot;; text-align: center;"><b>BEL FUSE INC.</b></div>
			</div>
			</div>
			</div>

			<div style="font-size:19px">
			<div style="font-family:&quot;Times New Roman&quot;">
			<div style="font-size:14pt">
			<div style="font-family: &quot;Times New Roman&quot;; text-align: center;"><b>206 Van Vorst Street</b></div>
			</div>
			</div>
			</div>

			<div style="font-size:19px">
			<div style="font-family:&quot;Times New Roman&quot;">
			<div style="font-size:14pt">
			<div style="font-family: &quot;Times New Roman&quot;; text-align: center;"><b>Jersey City, NJ&nbsp; 07302</b></div>
			</div>
			</div>
			</div>

			<p>&nbsp;</p>

			<p>&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td style="width:684px">&nbsp;</td>
			<td style="width:288px">&nbsp;</td>
			<td style="width:417px">
			<p style="text-align: center; line-height: 1;">&nbsp;</p>

			<div style="font-size:19px">
			<div style="font-family:&quot;Times New Roman&quot;">
			<div style="font-size:14pt">
			<div style="font-family: &quot;Times New Roman&quot;; text-align: center;"><b>NOTICE OF ANNUAL MEETING</b></div>
			</div>
			</div>
			</div>

			<div style="font-size:19px">
			<div style="font-family:&quot;Times New Roman&quot;">
			<div style="font-size:14pt">
			<div style="font-family: &quot;Times New Roman&quot;; text-align: center;"><b>OF SHAREHOLDERS</b></div>
			</div>
			</div>
			</div>

			<div style="font-size:19px">
			<div style="font-family:&quot;Times New Roman&quot;">
			<div style="font-size:14pt">
			<div style="font-family: &quot;Times New Roman&quot;; text-align: center;"><b>to be held on</b></div>
			</div>
			</div>
			</div>

			<div style="font-size:19px">
			<div style="font-family:&quot;Times New Roman&quot;">
			<div style="font-size:14pt">
			<div style="font-family: &quot;Times New Roman&quot;; text-align: center;"><b>Tuesday, May 24, 2022</b></div>
			</div>
			</div>
			</div>

			<div style="font-size:19px">
			<div style="font-family:&quot;Times New Roman&quot;">
			<div style="font-size:14pt">
			<div style="font-family: &quot;Times New Roman&quot;; text-align: center;"><b>at 11:00 am ET</b></div>
			</div>
			</div>
			</div>

			<p>&nbsp;</p>

			<p>&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td style="width:684px">&nbsp;</td>
			<td style="width:288px">&nbsp;</td>
			<td style="width:417px">
			<p>&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td style="width:684px">&nbsp;</td>
			<td style="width:288px">&nbsp;</td>
			<td style="width:417px">
			<p>&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td colspan="3" style="border-bottom:1px solid #000000; width:684px; text-align:center; border-top:1px solid #000000; border-right:1px solid #000000; border-left:1px solid #000000">
			<p><font face="Times New Roman, Times, serif"><b>Voting Items - For Informational Purposes Only</b></font></p>
			</td>
		</tr>

</table>

<p>&nbsp;</p>

<table style="font-size:16px; font-family:&quot;Times New Roman&quot;, Times, serif; width:100%">

		<tr>
			<td colspan="3" style="width:73px">
			<div style="font-size:16px">The following proposals are being considered at the upcoming Annual Meeting of Shareholders of Bel Fuse Inc. which will be held virtually over the internet on Tuesday, May 24, 2022 at 11:00 am Eastern Time at <b>https://www.cstproxy.com/belfuse/2022</b>.&nbsp; This information is being provided for informational purposes only.</div>

			<div style="font-size:16px">&nbsp;</div>
			</td>
		</tr>
		<tr>
			<td style="width:40px">&nbsp;</td>
			<td style="width: 29px; vertical-align: top;">
			<div style="font-size:16px">(1)</div>
			</td>
			<td style="width:1294px">
			<div style="font-size:16px">To elect three directors for three-year terms (Daniel Bernstein, Peter Gilbert and Vincent Vellucci) and one director for a one-year term (Jacqueline Brito) as described in the proxy statement;</div>
			</td>
		</tr>
		<tr>
			<td style="width:40px">&nbsp;</td>
			<td style="width: 29px; vertical-align: top;">
			<div style="font-size:16px">(2)</div>
			</td>
			<td style="width:1294px">
			<div style="font-size:16px">To ratify the designation of Grant Thornton LLP to audit Bel's books and accounts for 2022;</div>
			</td>
		</tr>
		<tr>
			<td style="width:40px">&nbsp;</td>
			<td style="width: 29px; vertical-align: top;">
			<div style="font-size:16px">(3)</div>
			</td>
			<td style="width:1294px">
			<div style="font-size:16px">To approve, on an advisory basis, the executive compensation of the Company's named executive officers as described in the proxy statement; and</div>
			</td>
		</tr>
		<tr>
			<td style="width:40px">&nbsp;</td>
			<td style="width: 29px; vertical-align: top;">
			<div style="font-size:16px">(4)</div>
			</td>
			<td style="width:1294px">
			<div style="font-size:16px">To address such other matters as may properly come before the 2022 annual meeting or any adjounment or postponement thereof.</div>
			</td>
		</tr>
		<tr>
			<td style="width:40px">&nbsp;</td>
			<td style="width:29px">&nbsp;</td>
			<td style="width:1294px">&nbsp;</td>
		</tr>

</table>

<p style="text-align:left; margin-right:10px; margin-left:10px">&nbsp;</p>

<table style="font-size:14px; font-family:&quot;Times New Roman&quot;, Times, serif; width:100%">

		<tr>
			<td style="width:52px">&nbsp;</td>
			<td style="width:635px">
			<p>&nbsp;</p>
			</td>
			<td style="width:108px">&nbsp;</td>
			<td style="width:565px">
			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</p>

			<p style="margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; text-align: center;">CONTROL NUMBER</p>
			</td>
		</tr>
		<tr>
			<td style="width:52px">&nbsp;</td>
			<td style="width:635px">&nbsp;</td>
			<td style="width:108px">&nbsp;</td>
			<td style="border-bottom:1px solid #000000; width:565px; border-top:1px solid #000000; border-right:1px solid #000000; border-left:1px solid #000000">&nbsp;</td>
		</tr>
		<tr>
			<td style="width:52px">&nbsp;</td>
			<td style="width:635px">
			<p style="text-align: center;"><b><font style="font-family:Times New Roman; font-size:14pt">The Proxy Materials are available for review at:</font><br>
			<font style="font-size:14pt;">https://www.cstproxy.com/belfuse/2022</font></b></p>
			</td>
			<td style="width:108px">&nbsp;</td>
			<td style="width:565px">&nbsp;</td>
		</tr>

</table>

<p style="text-align:left; margin-right:10px; margin-left:10px">&nbsp;</p>

<div class="PGBK" style="width:100%">
<div class="PGFTR" style="text-align:center; width:100%">
<div class="hf-row">
<div class="hf-cell PGNUM">&nbsp;</div>
</div>
</div>

<hr style="PAGE-BREAK-AFTER:always; border:none; width:100%; height:2px; color:#000000; background-color:#000000">
<div class="PGHDR" style="text-align:left; width:100%">
<div class="hf-row">
<div class="hf-cell TOCLink">&nbsp;</div>
</div>
</div>
</div>

<p style="text-align:left">&nbsp;</p>

<p style="text-align:center; margin-right:10px; margin-left:10px">&nbsp;</p>

<div style="font-size:14pt">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif"><b>BEL FUSE INC.</b></div>
</div>

<div style="font-size:14pt">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif">206 Van Vorst Street<br>
Jersey City, NJ&nbsp; 07302</div>
</div>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p style="text-align:center; margin-right:10px; margin-left:10px">&nbsp;</p>

<div style="font-size:14pt">
<div style="font-family: &quot;Times New Roman&quot;, Times, serif; text-align: center;"><b>Important Notice Regarding the Availability of Proxy Materials<br>
For the Shareholder Meeting to be Held On Tuesday, May 24, 2022</b></div>
</div>

<p>&nbsp;</p>

<div style="font-size:12pt">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif">The following Proxy Materials are available to you to review at:&nbsp; <b>https://www.cstproxy.com/belfuse/2022</b><br>
&nbsp;</div>
</div>

<table style="font-size:16px; font-family:&quot;Times New Roman&quot;, Times, serif; width:100%">

		<tr>
			<td style="width:35px">&nbsp;</td>
			<td style="width:42px">
			<div style="font-size:16px">-</div>
			</td>
			<td style="width:1284px">
			<div style="font-size:16px">the Company's Annual Report for the year ended December 31, 2021</div>
			</td>
		</tr>
		<tr>
			<td style="width:35px">&nbsp;</td>
			<td style="width:42px">
			<div style="font-size:16px">-</div>
			</td>
			<td style="width:1284px">
			<div style="font-size:16px">the Company's 2022 Proxy Statement</div>
			</td>
		</tr>
		<tr>
			<td style="width:35px">&nbsp;</td>
			<td style="width:42px">
			<div style="font-size:16px">-</div>
			</td>
			<td style="width:1284px">
			<div style="font-size:16px">the Proxy Card (for informational purposes only)</div>
			</td>
		</tr>
		<tr>
			<td style="width:35px">&nbsp;</td>
			<td style="width:42px">
			<div style="font-size:16px">-</div>
			</td>
			<td style="width:1284px">
			<div style="font-size:16px">any amendments to the foregoing materials that are required to be furnished to shareholders</div>
			</td>
		</tr>

</table>

<p style="text-align:left; margin-right:10px; margin-left:10px">&nbsp;</p>

<div style="font-size:12pt">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif">You are receiving this communication because you hold shares of Bel Fuse Inc. non-voting Class B common stock.&nbsp; <b>THIS NOTICE WILL ENABLE YOU TO ACCESS BEL FUSE INC. PROXY MATERIALS FOR INFORMATIONAL PURPOSES ONLY.</b>&nbsp; This communication presents only an overview of the more complete proxy materials that are available to you on the Internet.&nbsp;&nbsp;<br>
&nbsp;</div>
</div>

<div style="font-size:12pt">
<div style="font-family:&quot;Times New Roman&quot;, Times, serif">If you would like to receive a paper or e-mail copy of these documents, you must request one.&nbsp; There is no charge for such documents to be mailed to you.&nbsp; Please make your request for a copy as instructed below on or before May 13, 2022 to facilitate a timely delivery.&nbsp; You may also request that you receive paper copies of all future proxy materials from the Company.</div>
</div>

<p>&nbsp;</p>

<p style="text-align:left; margin-right:10px; margin-left:10px">&nbsp;</p>

<table style="font-size:16px; font-family:&quot;Times New Roman&quot;; width:100%">

		<tr>
			<td style="width:127px">&nbsp;</td>
			<td style="border-bottom:1px solid #000000; width:1121px; border-top:1px solid #000000; border-right:1px solid #000000; border-left:1px solid #000000">
			<p style="text-align: center;"><u><b>ACCESSING YOUR PROXY MATERIALS ONLINE</b></u></p>

			<div style="font-size:16px">
			<div style="font-family:&quot;Times New Roman&quot;">
			<div style="font-size:12pt">
			<div style="font-family: &quot;Times New Roman&quot;; text-align: center;"><b>Go to https://www.cstproxy.com/belfuse/2022 to view these materials online.&nbsp; You must reference your Control number.</b><br>
			&nbsp;</div>
			</div>
			</div>
			</div>
			</td>
			<td style="width:114px">&nbsp;</td>
		</tr>
		<tr>
			<td style="width:127px">&nbsp;</td>
			<td style="width:1121px">&nbsp;</td>
			<td style="width:114px">&nbsp;</td>
		</tr>
		<tr>
			<td style="width:127px">&nbsp;</td>
			<td style="border-bottom:1px solid #000000; width:1121px; text-align:center; border-top:1px solid #000000; border-right:1px solid #000000; border-left:1px solid #000000">
			<p><u><b>REQUESTING A PAPER COPY OF THE PROXY MATERIALS</b></u><br>
			&nbsp;</p>

			<div style="font-size:16px">
			<div style="font-family:&quot;Times New Roman&quot;">
			<div style="font-size:12pt">
			<div style="font-family:&quot;Times New Roman&quot;"><b>By telephone please call 1-888-266-6791, or</b><br>
			&nbsp;</div>
			</div>
			</div>
			</div>

			<div style="font-size:16px">
			<div style="font-family:&quot;Times New Roman&quot;">
			<div style="font-size:12pt">
			<div style="font-family:&quot;Times New Roman&quot;"><b>By logging on to https://www.cstproxy.com/belfuse/2022 or</b><br>
			&nbsp;</div>
			</div>
			</div>
			</div>

			<div style="font-size:16px">
			<div style="font-family:&quot;Times New Roman&quot;">
			<div style="font-size:12pt">
			<div style="font-family:&quot;Times New Roman&quot;"><b>By email at:&nbsp; proxy@continentalstock.com</b><br>
			&nbsp;</div>
			</div>
			</div>
			</div>

			<div style="font-size:16px">
			<div style="font-family:&quot;Times New Roman&quot;">
			<div style="font-size:12pt">
			<div style="font-family:&quot;Times New Roman&quot;"><i>Please include the company name and your control number in the subject line.</i><br>
			&nbsp;</div>
			</div>
			</div>
			</div>
			</td>
			<td style="width:114px">&nbsp;</td>
		</tr>

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<p style="text-align:left; margin-right:10px; margin-left:10px">&nbsp;</p>

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